Question 1

What assets qualify for asset depletion in Costa Mesa?

Accepted Answer

Checking, savings, brokerage, and retirement accounts typically qualify. Lenders apply discounts to retirement funds before calculating income.

Question 2

What credit score do I need for this loan?

Accepted Answer

Requirements vary by lender. Most non-QM asset depletion programs want at least a 680. Stronger scores get better pricing.

Question 3

Can I use assets from a trust or business account?

Accepted Answer

Some lenders accept trust assets if you have full control. Business accounts are harder — most lenders require personal accounts.

Question 4

Is asset depletion available for investment properties?

Accepted Answer

Yes, but DSCR loans are often a cleaner fit for rentals. Asset depletion makes more sense for a primary or second home.

Question 5

How long does it take to close an asset depletion loan?

Accepted Answer

Non-QM loans typically take 20 to 30 days. Asset documentation review adds time, so have statements ready upfront.

Question 6

Do assets need to be seasoned before I apply?

Accepted Answer

Most lenders require 60 days of account history. Large recent deposits get flagged and may not count toward qualifying.

Asset Depletion Loans in Costa Mesa, CA